KBRA releases report assigning AA+ rating with stable outlook to North Slope Borough, Alaska General Obligation Bonds, Series 2022A (General Purpose), 2022B (Schools) and 2022C (Public Housing); Affirms debt parity

NEW YORK, September 29, 2022–(BUSINESS WIRE)–On September 28, 2022, KBRA assigned a long-term rating of AA+ with a stable outlook to North Slope Borough, Alaska: General Obligation Bonds, Series 2022A (General Purpose); General Duty Bonds, Series 2022B (Schools); and General Obligation Bonds, Series 2022C (Public Housing). KBRA further affirmed the long-term rating of AA+ with a stable outlook for the rounding’s outstanding general bonds.

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Disclosures

Further information on key credit considerations, sensitivity analyzes which look at factors that may affect these credit ratings and how they could lead to an upgrade or downgrade, and ESG factors (where they are a factor key to the change in credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially significant sources that were used to prepare the credit rating and information on the methodology(ies) (including all significant models and sensitivity analyzes of key relevant rating assumptions, if any) used to determine credit rating are available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be found here.

Additional information relating to this rating metric is available in the information disclosure form(s) referenced above. Additional information regarding KBRA’s policies, methodologies, grading scales and disclosures is available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a rating agency with the UK Financial Conduct Authority under the temporary registration scheme. Additionally, KBRA is designated as the Designated Rating Agency by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

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contacts

Analytical Contacts

Michael Taylor, Principal (Senior Analyst)
+1 (646) 731-3357
[email protected]

Peter Scherer, director
+1 (646) 731-2325
[email protected]

Karen Daly, Senior Managing Director (Ratings Committee Chair)
+1 (646) 731-2347
[email protected]

Business Development Contacts

William Baneky, Managing Director
+1 (646) 731-2409
[email protected]

James Kissane, Senior Director
+1 (213) 806-0026
[email protected]

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